Stock Report

ICICI Bank's Q1FY24 consolidated net profit higher at Rs. 10636.12 crores

Posted On : 2023-07-22 15:33:11( TIMEZONE : IST )

ICICI Bank Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 52084 crores during the period ended June 30, 2023 as compared to Rs. 53922.75 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 10636.12 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 9852.70 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 14.91 for the period ended June 30, 2023 as compared to Rs. 13.84 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 52084 crs	₹53922.75 crs	-3.41%
Net Profit	₹10636.12 crs	₹9852.70 crs	7.95%
EPS	₹14.91	₹13.84	7.73%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 52084 crores during the period ended June 30, 2023 as compared to Rs.39218.33 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.10636.12 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.7384.53 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.14.91 for the period ended June 30, 2023 as compared to Rs.10.41 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 52084 crs	₹39218.33 crs	32.81%
Net Profit	₹10636.12 crs	₹7384.53 crs	44.03%
EPS	₹14.91	₹10.41	43.23%

Asset Quality:

Asset Quality	Q1 FY2024	Q4 FY2023	Q1 FY2023
Gross NPA	₹31822.39 crs	₹31183.70 crs	₹33163.15 crs
Gross NPA %	2.76%	2.81%	3.41%
Net NPA	₹5381.77 crs	₹5155.07 crs	₹6656.15 crs
Net NPA %	0.48%	0.48%	0.70%

Gross NPA was at ₹ 31822.39 crs in Q1 FY2024 against ₹ 33163.15 crs in Q1 FY2023. The same was at ₹ 31183.70 crs in Q4 FY2023.

Net NPA was at ₹ 5381.77 crs in Q1 FY2024 against ₹ 6656.15 crs in Q1 FY2023. The same was at ₹ 5155.07 crs in Q4 FY2023.

GNPA was at 2.76% of Gross advances as on June 30, 2023 as compared to 3.41% as on June 30, 2022 and 2.81% as of March 31, 2023.

Net NPA was at 0.48% of Gross advances as on June 30, 2023 as compared to 0.70% as on June 30, 2022 and 0.48% as of March 31, 2023.

Ratios	Q1 FY2024	Q4 FY2023	Q1 FY2023
RoA %	2.39%	2.39%	1.98%
CAR (BASEL III) %	16.71%	18.34%	18.04%

Return on Average Assets (RoA) is at 2.39% for Q1 FY2024 against 2.39% in Q4 FY2023 and 1.98% in Q1 FY2023.

In Q1 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 16.71%, as compared to 18.34% in Q4 FY2023 and 18.04% in Q1 FY2023.

Shares of ICICI Bank Limited was last trading in BSE at Rs. 996.70 as compared to the previous close of Rs. 995.45. The total number of shares traded during the day was 804726 in over 17025 trades.

The stock hit an intraday high of Rs. 1001.50 and intraday low of 989.00. The net turnover during the day was Rs. 800999681.00.